The Gold Standard and the Great Depression
It makes no sense to say that the major dislocations of the world's economies in the 1930s could have been solved simply by printing up pieces of paper.
Business Cycles
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America’s Jobs Disaster
Today, the main response to ill-effects of past interventions seems to be to create even greater ones.
Extending the Recession Indefinitely
We know what these measures do. They delay economic adjustment and recovery; they extend economic hardship, regardless of whether we call the hard times a depression or a "great recession."
The Fed’s Dilemma
The root of the current financial crisis was an artificially induced boom in the real economy, and asset-price markets that subsequently turned to bust. The bust led to a reduction in the values of many assets owned by banks.
XX. Interest, Credit Expansion, and the Trade Cycle (continued 3)
Pages 573-583. Narrated by Jeff Riggenbach.
XX. Interest, Credit Expansion, and the Trade Cycle (continued)
Pages 547-563. Narrated by Jeff Riggenbach.
XX. Interest, Credit Expansion, and the Trade Cycle (continued 2)
Pages 564-573. Narrated by Jeff Riggenbach.
Paul Krugman’s Identity Crisis
"The Paul Krugman of 2009 completely disagrees with the Paul Krugman of 2003."
Is the Fed’s Pumping Inflationary?
The Fed's present monetary policy appears to be ineffective. Despite massive pumping by the US central bank, commercial bank lending displays sharp declines.
